A company that makes products may face patent business risks and patent business opportunities, which impact the computation of the Business Analysis Review (in terms of NPV) of a proposed new product, etc. Smart companies navigate by implementing patent strategies in conjunction with their New Product Development processes, so as to mitigate the patent business risks and execute on the patent business opportunities. The Patent Ready® book will show you such patent strategies and processes, so that you can have the right conversations on these topics.
Patent Ready is a great resource for anyone who is involved in the creation and management of new technology or who does business in any IP-heavy markets. This guide is written in clear language and will be helpful for non-technical executives and managers as well as attorneys and engineers. Patent Ready can be read cover-to-cover by anyone seeking a thorough overview of the topic, but it is also a useful reference for those who only need information on specific topics. As a legal executive, I found the guidance on preparing and executing an organized patent strategy to be particularly helpful. This book provides solid advice both in preparing your own patent portfolio and in designing your products to avoid infringement issues. Following Mr. Kavounas’ advice can help you save on expenses while ensuring that you are well-protected, and I highly recommend this book.
EVP and General Counsel
ENHANCED RISK MANAGEMENT: Companies typically issue each of their engineers an Engineering Notebook for capturing their ideas and designs. The Patent Ready® Engineering Notebook has been designed as such an Engineering Notebook, and more: it enables engineers to capture their ideas in an augmented (“canvas”) format, and further has spaces for them to perform an initial patent analysis on these ideas. This analysis will help the engineers determine whether these ideas are new enough to report to the company for patenting.
THE COMPANY’S PATENTING PROCESS: Companies typically have a process for team members to report their inventions for patenting. Typically this process requires the team member to fill in and submit an invention reporting form (“IRF”). If your company does not have an IRF, then perhaps you can create one by downloading and adapting our sample started Invention Reporting Form. The company can further have a Patent Committee to evaluate the submitted IDFs, and so on. For more on this topic, see the Patent Ready® book.